Rupa & Company Ltd's Q1FY19 standalone net profit rises 10.81% yoy to Rs10.28cr: Misses Estimates

The company’s standalone revenue stood at Rs183.46cr, up 12.21% yoy but down 54.15% qoq.

Aug 10, 2018 02:08 IST India Infoline Research Team

Rupa & Company Ltd Q1FY19

Standalone Results Q1FY19: (in Rs cr)

Q1FY19 YoY (%)
Revenue 183.46 12.2
EBITDA 20.92 10.8
EBITDA Margin (%) 11.4 [15]
Net Profit (adjusted) 10.28 10.8
***EBITDA margin change is bps

Rupa & Company Ltd’s revenue grew by 12.2% yoy and declined by 54.1% qoq to Rs183cr. EBITDA came in at Rs21cr, up 10.8% yoy and down 69% qoq. EBITDA margin contracted by 15bps yoy and 547bps qoq. Company’s adjusted net profit stood at Rs10cr, up 10.8% yoy and down 74.2% qoq. Adjusted net profit came below the estimates of Rs14cr. 

• Cost of goods sold stood at 20.1% of sales vs 30.4% yoy. However, on the other hand, subcontracting/jobbing expenses stood at 39.3% of sales vs 31.7% yoy. 
• Other expenses stood at 23.6% of sales vs 20.2% yoy, which resulted in a contraction in EBITDA margin.
• Finance cost increased 67.4% yoy to Rs3cr, this led to slower net profit growth despite 12.2% revenue growth.

Technical View:

Rupa & Company Ltd ended at Rs415.55, down by 5.3 points, or 1.26%, from its previous close of Rs420.85 on the BSE. The scrip opened at Rs426 and has touched a high and low of Rs431.60 and Rs415, respectively. A total of 73,888 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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